LLC Cost in Wisconsin – How Much to Pay for an LLC

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Perhaps you are hoping to form an LLC in Wisconsin. People assume that starting an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Wisconsin.

Wisconsin LLC Cost of Filing

Here are the costs involved in forming an LLC in Wisconsin.

Cost of Filing Formation Certificates

The Wisconsin Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Wisconsin Department of Revenue

Wisconsin Domestic LLC

  • Online Filing costs $130
  • Annual Report Fee costs $25
  • Name Reservation fee costs $15
  • By mail: Fill out the Application Form PDF and submit it to the following address, State of WI – Dept. of Financial Institutions, P.O. Box 93348, Milwaukee, WI 53293. costs $170

Wisconsin Foreign LLC

  • Online filing costs $100
  • Annual Report Fee costs $25
  • Name Reservation fee costs $15
  • By mail: Fill out the Application Form PDF and submit it to the following address, State of WI – Dept. of Financial Institutions, P.O. Box 93348, Milwaukee, WI 53293.

You can visit the Official Wisconsin Department of Revenue website to learn more about Business filings.

Note that filing online is ideal, not only because you need to go to the Department of Revenue office, but also it would be faster. You won’t have to wait in a queue in doing so.

Wisconsin LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Wisconsin, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

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Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Wisconsin Department of Revenue for regulatory boards or agencies requiring licensing. 

Wisconsin LLC Taxes to Be Paid

The business LLCs in the State are subject to different tax filing obligations. Though the taxes may vary among cities and counties.

Wisconsin State Income Tax

This is the State Tax levied on any income you pay to yourself. The tax rate varies between 4.65% to 6.7.65%, depending on the total amount of taxable income.

Wisconsin Sales tax

The standard rate of sales tax applicable is at the rate of 5.00% and the rate can go higher up to 5.6% after the addition of local county tax.

Wisconsin Federal Self-Employment tax

Any profit that Wisconsin LLC Business members draw out from the business is liable to pay self-employment tax. The standard tax rate is 15.3%.

Employer Payroll Tax Withholding

If you hire employees in Wisconsin, you must withhold payroll tax from their salaries. The standard rate of withholding is 7.65% of the taxable salary of the employees.

Wisconsin Property Tax

The State imposes one of the highest property taxes in the country. The State’s average property tax is 1.68% which generally applies to furnishings and equipment owned by businesses in the State.

Cost Comparison Among States

Every state has different costs of filing for an LLC to their respective State Authorities. If you wish to gain a better understanding of the costs of opening an LLC in a different state in comparison to Wisconsin, read the table below:

StateFiling FeeAnnual Fee/Biennial FeeSales tax
Wisconsin LLC$130$25 (annual)5.00%
Minnesota LLC$135 (mail)$155 (online)$06.875%
Michigan LLC$50$25 (annual)6%
Illinois LLC$150$75 (annual)6.25%
Iowa LLC$50$45 (Biennial)6%

The contributing sectors to Wisconsin’s economy are manufacturing, agriculture, and health care. Other sectors include tourism and information technology. The State falls in the higher income states in the United States.

Other Costs

How Much Does It Cost to Maintain an LLC in Wisconsin

Before you can begin, you need to ask yourself how much it will cost to maintain an LLC in Wisconsin. First, you will need a good name for your company. Make sure that the name you want is available. In many states, you can reserve the name for up to 120 days. In Wisconsin, the registered agent must be a person who is licensed to do business in the state. You can be a registered agent for free if you are the sole owner of the business, or hire someone who can provide this service for a fee of up to $100 per year.

There are other costs associated with maintaining an LLC in Wisconsin. The Department of Financial Institutions requires all LLCs to file annual reports. These reports are due on March 31, June 30, September 30, and December 31. The fees are $15 for domestic LLCs and up to $80 for foreign LLCs. These fees are non-refundable and are recurring. When you register an LLC in Wisconsin, you will need to pay a license fee of $100 for the first two years and an additional $100 annually.

You will need to pay the fee for a name reservation. This fee holds the name for 120 days and costs $15. You will also need to register a trade name, which is also known as fictitious business, assumed, or Doing Business As. You will need to register the trade name with the Wisconsin Department of Financial Institutions before you can operate under it. Once you are registered with the DFI, you can conduct business under that trade name.

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

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